Seaport Res Ptn Has Negative Outlook of Oklo FY2024 Earnings

Oklo Inc. (NYSE:OKLO) – Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Oklo in a report issued on Wednesday, November 20th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will earn ($0.59) per share for the year, down from their prior estimate of ($0.54). Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Oklo’s current full-year earnings is ($0.59) per share. Seaport Res Ptn also issued estimates for Oklo’s Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.33) EPS, Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.37) EPS, FY2027 earnings at ($0.34) EPS and FY2028 earnings at ($0.11) EPS.

OKLO has been the subject of a number of other reports. Citigroup decreased their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock.

Oklo Trading Down 0.1 %

Shares of OKLO stock opened at $25.20 on Friday. The firm has a fifty day moving average price of $15.96 and a 200 day moving average price of $11.00. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12.

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new stake in Oklo during the 3rd quarter worth $104,000. MML Investors Services LLC acquired a new position in Oklo in the 3rd quarter valued at about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Oklo in the 3rd quarter valued at about $104,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the 3rd quarter valued at approximately $94,000. Finally, National Bank of Canada FI acquired a new stake in Oklo during the 3rd quarter worth approximately $105,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.